Secure IoT in Finance

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Smart Finance Makes Sense

The world’s finances revolve almost exclusively around data and its safe, accurate and verifiable transmission. Unsurprisingly, this has led to the Internet of Things (IoT) playing a major role in the Financial Services industry.

Complying with the toughest regulatory standards, while protecting customer data, enabling better business models and improving customer experience has landed this sector at the forefront of digital innovation.

80%

Of Financial Services firms are increasing technical R&D investments1

50%

Of IoT sensors deployed by 2020 could be of use to provide data to Financial Services Institutions2

Top 10

Financial Services is one of the top 10 industries investing in sensors for potential IoT innovation3

IoT Delivers Financial Results

Throughout the financial services industry, IoT enables more efficient, personalized goods and services. Through every touchpoint, be it via ATMs, asset trades or previous purchases, a wider variety of data will help financial services firms identify their clients’ business needs and get insights that help them drive customer engagement. 

Use Cases

  • Enable automated payments from more connected devices, including wearables and TVs
  • Improve client retention with insights from a larger pool of transactional and customer data
  • Enhance insurance coverage with more accurate data from sensors in vehicles
  • Facilitate screenless banking, the next evolution in mobile banking4
  • Advance wealth management with a better understanding of client preferences

Protecting Data and Consumer Privacy

With Financial Services routinely ranking among the most highly targeted industries for cyberattacks5, security must be the first priority.

Beyond the collection of huge amounts of customer data, IoT will change workflows and workplaces too. Financial Services employees want the flexibility to work when and where they want—and from their device of choice. The hyperconnectivity that makes higher levels of productivity possible can also expose companies and customers to increased security issues. Organizations must provide the best possible data management, security and standards to protect customer privacy. 

Secure File Sharing Beyond Your Firewall

Content collaboration tools like BlackBerry® Workspaces can be leveraged to manage and guard against cyber threats and protect financial data and client information.

  • Track and restrict file access, with audit trails
  • Security travels with files, even outside your firewall
Learn about BlackBerry Workspaces

Cybersecurity Consulting

BlackBerry Cybersecurity Consulting works to analyze and mitigate increasingly complex cybersecurity risks in individual organizations.

  • Identify, respond to and prepare for ongoing cybersecurity threats
  •  A tailored approach gives clients a detailed understanding of their unique security posture
Learn about BlackBerry Cybersecurity Consulting

News & Resources

BlackBerry Shows IoT Progress with New Products And Partnerships

Read the article

Why This Leading Indonesian Bank Feels BlackBerry is On the Money

Read the blog post

Financial Services and Digital Banking

Download the Datasheet